Mighty Raises $114M Fund For Litigation Funders

Law360 (March 6, 2018, 12:24 PM EST) -- Mighty, a technology service provider for litigation funders, is making a move into the industry's budding secondary market, announcing on Tuesday that it has raised $114 million to help personal injury-focused litigation funders scale their businesses.

Mighty has raised approximately $9 million in equity from some of its original venture capital investors, as well as about $105 million in a dedicated fund raised over an approximately nine-month period from several undisclosed institutional investors. Through a platform dubbed Mighty Capital, the company plans to use the fund to help regional or startup litigation funders get to the next level in the competitive...

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